See Economies of scale.

1) The characteristic of constant per-unit costs in the presence of increased production. 2) The condition that if all inputs into the production process are increased by a given percentage, then output rises by that same percentage. 3) A characteristic of a production function such that a given percentage increase in capital stock and labor input [..]

A given proportionate increase in all resources in the long run results in the same proportionate increase in production. Constant returns to scale exists if a firm increases ALL resources -- labor, c [..]

A property of a production function such that scaling all inputs by any positive constant also scales output by the same constant. Such a function is also called homogeneous of degree one or linearly [..]

Definition A property of a production function such that scaling all inputs by any positive constant also scales output by the same constant. Such a function is also called homogeneous of degree one o [..]

when all inputs are increased by a certain proportion, output increases by the same proportion

A long run production concept where a doubling of all factor inputs exactly doubles the amount of output.

An attribute of a production function. A production function exhibits constant returns to scale if changing all inputs by a positive proportional factor has the effect of increasing outputs by that fa [..]

If a firm exhibits constant returns to scale, when it increases the use of inputs then output increases by the same proportion. For example, if the firm doubles the use of all inputs, then output will [..]